economics storyboard

economics storyboard

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  • Corporation in Monopoly By: Odalis Munoz
  • Hey, let me ask you something. Do you think its possible a corporation can be a monopoly?
  • I think you're crazy. Monopoly and a corporation are two different things...right?
  • Monopoly is a market structure that has one seller selling one product.
  • And a corporation is a legal entity that is separate from its owners.
  • Well if you really look at it, both groups have individual owners, just one with more advantage than the other. 
  • Which one has more advantage?
  • Monopoly has more advantage because the seller sets the price for his own goods and has no competition.
  • Ohh okay. But both have to deal with taxes and they can transfer ownership to someone else?
  • Yes correct, so a corporation can be a monopoly. Just a bit more complicated than making and selling your own product.
  • Guess you weren't crazy after all :)
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